| Sony BMG Music Entertainment | |
|---|---|
| Type | Joint venture |
| Founded | August 4, 2004 |
| Headquarters | New York City, USA see List of Sony BMG offices |
| Key people |
|
| Industry | Music & Entertainment |
| Products | Music & Entertainment |
| Parent | Sony Corporation (50%) Bertelsmann AG (50%) |
| Website | www.sonybmg.com |
Sony BMG Music Entertainment is a diverse music and entertainment group. Events 70 - The Destruction of the Second Temple in Jerusalem by the Romans. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Music is an Art form in which the medium is Sound organized in Time. See also Entertainment (disambiguation and The Entertainer (disambiguation Entertainment is an activity designed to give people In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Music is an Art form in which the medium is Sound organized in Time. See also Entertainment (disambiguation and The Entertainer (disambiguation Entertainment is an activity designed to give people A holding company is a company that owns part all or a majority of other companies' outstanding Stock. is a multinational conglomerate corporation headquartered in Minato Tokyo, Japan, and one of the world's largest Media conglomerates with Bertelsmann AG is a transnational media corporation founded in 1835 based in Gütersloh, Germany. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages
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Sony BMG is the result of a 50-50 joint venture between Sony Music Entertainment (part of Sony) and Bertelsmann Music Group (part of Bertelsmann) completed on August 5, 2004. A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together Sony Music Entertainment is a major global Record label controlled by the Sony Corporation of America, being one of the "big four" record companies is a multinational conglomerate corporation headquartered in Minato Tokyo, Japan, and one of the world's largest Media conglomerates with Bertelsmann AG is a transnational media corporation founded in 1835 based in Gütersloh, Germany. Events 642 - Battle of Maserfield - Penda of Mercia defeats and kills Oswald of Bernicia. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " It is one of the Big Four music companies, and includes ownership and distribution of recording labels such as Arista Records, Columbia Records, Epic Records, J Records, Jive Records, RCA Victor Records, RCA Records, Legacy Recordings, Sonic Wave America, and others. The music industry is the business of Music. Although it encompasses the activity of many music-related businesses and organizations it is currently dominated by the "big This is a list of notable Record labels Due to the large number of entries the list has been divided by the first character of the label's name See also Arista Records (ˈɛərɪstə is an American Record label. It is a wholly owned subsidiary of Sony Music Entertainment and operates under the Columbia Records is an American Record label founded in 1888 Columbia is the oldest surviving Brand name in pre-recorded sound being the first record company Epic Records is an American Record label. It is owned and operated by Sony Music Entertainment. J Records is an American Record label, owned and operated by Sony Music Entertainment, and is distributed through the RCA Records Group. Jive Records is a British record label based in New York City, owned by Sony Music Entertainment, and operates as a quarter of the Zomba Label RCA Records (originally The Victor Talking Machine Company, then RCA Victor is one of the flagship labels of Sony Music Entertainment. RCA Records (originally The Victor Talking Machine Company, then RCA Victor is one of the flagship labels of Sony Music Entertainment. Legacy Recordings is Sony Music Entertainment 's catalog division Sony BMG Music Entertainment is a diverse music and entertainment group The merger affected all Sony Music and Bertelsmann Music Group companies worldwide except for Japan, where it was felt that it would reduce competition in that country’s music industry significantly.
Financial analysts covering the merger anticipated that up to 2,000 jobs could be cut as a result, saving Sony BMG approximately $350 million annually. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been
The company's Chief Executive Officer (CEO) is Rolf Schmidt-Holtz, who succeeded Andrew Lack on February 10, 2006. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Rolf Schmidt-Holtz is Chief Executive Officer (CEO of Sony BMG, who succeeded Andrew Lack on February 10 2006 In the first half of 2005, the company's share of new releases in the United States (US) declined from 33% to 26% according to Nielsen SoundScan. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. The United States of America —commonly referred to as the Nielsen SoundScan is an information system created by Mike Fine and Mike Shalett that tracks sales of music and music video products throughout the United States and Canada This, and Lack's negotiation of what some called an "ill-conceived" deal with Bruce Springsteen led to Bertelsmann informing Sony that it would not renew Lack's contract. Lack now holds the position of Chairman of the Board, the position formerly occupied by Schmidt-Holz.
The company signed a content deal with the popular video sharing community YouTube. YouTube is a video sharing website where users can upload view and share Video clips YouTube was created in February 2005 by three former PayPal employees
On March 27, 2006, the New York Times reported that Bertelsmann was in talks with Sony to possibly alter the current venture. is a multinational conglomerate corporation headquartered in Minato Tokyo, Japan, and one of the world's largest Media conglomerates with Two executives close to Sony BMG have said that Bertelsmann may offer Sony its half of the company in order to raise money by leveraging some of its media assets. Executives close to the label have stressed that any such agreement will likely take months to conclude. [2]
On July 13, 2006, however, the European Court of First Instance annulled the European Commission's clearance decision as IMPALA (a trade association for independent labels in Europe) had applied for. Events 1174 - William I of Scotland, a key rebel in the Revolt of 1173-1174, is captured at Alnwick by forces loyal to Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. The European Court of First Instance, created in 1989 is a court of the European Union. This judgment was appealed by the merging parties. On October 3, 2007, after a new investigation, the European Commission upheld its prior approval of the merger. Events 42 BC - First Battle of Philippi: Triumvirs Mark Antony and Octavian fight an indecisive battle with Caesar's Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. [3]
It was also announced in 2006 that Sony BMG will dismantle the Sony Urban Music label. All of the artists will now be assigned to Epic or Columbia. Epic Records is an American Record label. It is owned and operated by Sony Music Entertainment. Columbia Records is an American Record label founded in 1888 Columbia is the oldest surviving Brand name in pre-recorded sound being the first record company [4]
Sony BMG was fined 10 million dollars after the New York Attorney General's office determined that they had been practicing payola mostly in the form of direct payments to radio stations and bribes to disc jockeys to promote various artists including Franz Ferdinand, Audioslave, Celine Dion and mainly Jessica Simpson. New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous In most Common law jurisdictions the Attorney General, or Attorney-General, is the main legal advisor to the government and in some jurisdictions may in addition Payola, in the American Music industry, is the illegal practice of payment or other inducement by record companies for the broadcast of recordings on Music A disc jockey (also known as DJ or deejay) is a person who selects and plays recorded music for an audience Franz Ferdinand is a rock band that formed in Glasgow, Scotland in 2001 Audioslave was an American Hard rock supergroup that formed in Los Angeles California in 2001 Céline Marie Claudette Dion ( OC OQ (born March 30 1968 in Charlemagne Quebec) is a Canadian pop Singer Jessica Ann Simpson (born July 10 1980 is an American pop Singer and actress who rose to fame in the late 1990s
Epic Records, one of their labels, was specifically cited for using fake contests in order to hide the fact that the gifts were going to disc jockeys rather than listeners . Epic Records is an American Record label. It is owned and operated by Sony Music Entertainment. [1].
A controversy over digital rights management (DRM) software that automatically installed itself on people's computers and made them more vulnerable to computer viruses that was produced and shipped by Sony BMG ensued. The Sony BMG CD copy prevention scandal concerns the Copy prevention measures included by Sony BMG on Compact discs in 2005 Digital rights management ( DRM) is a generic term that refers to Access control technologies used by hardware manufacturers publishers and Copyright holders A computer virus is a Computer program that can copy itself and infect a computer without permission or knowledge of the user The scandal caused numerous lawsuits and Sony BMG ended up recalling all affected CDs. A product recall is a request to return to the maker a batch or an entire production run of a product usually due to the discovery of safety issues
November 16 - US-CERT, the United States Computer Emergency Readiness Team, part of the United States Department of Homeland Security, issued an advisory on Extended Copy Protection DRM, citing the XCP use of rootkit technology to hide certain files from the computer user as a security threat to computer users and saying that one of the uninstallation options provided by Sony also introduced vulnerabilities to a system. The Sony BMG CD copy prevention scandal concerns the Copy prevention measures included by Sony BMG on Compact discs in 2005 Events 534 - A second and final revision of the Codex Justinianus is published The United States Computer Emergency Readiness Team (US-CERT is part of the National Cyber Security Division of the United States 's Department of Homeland Security XCP redirects here For other uses see XCP (disambiguation. Extended Copy Protection (XCP is a software package A rootkit is a computer virus which consists of a program (or combination of several programs designed to take fundamental control (in Unix terms "root"
US-CERT advised, "Do not install software from sources that you do not expect to contain software, such as an audio CD. " [5] In its "Top Flops of '05" issue, the enterprise newsweekly eWeek had to create a new category for the "Sony BMG root-kit fiasco. For the Non-profit organization see EWeekorg eWEEK (tagline The Enterprise Newsweekly) is a weekly Computing " Peter Coffee, of eWeek Labs reported, "The Sony brand name was already in trouble—it lost 16 percent of its value between 2004 and 2005. Peter Coffee is most well known for his longtime role as a commentator for Ziff Davis, where he was most recently Technology Editor for EWEEK until his departure for For the Non-profit organization see EWeekorg eWEEK (tagline The Enterprise Newsweekly) is a weekly Computing . . .
Now it has taken a blow among tech-product opinion leaders. "We've never done it before, and we hope we'll never have [an] occasion to do it again but, for 2005, eWeek Labs awards a Stupid Tech Trick grand prize to Sony. " eWeek Vol. For the Non-profit organization see EWeekorg eWEEK (tagline The Enterprise Newsweekly) is a weekly Computing 22, No. 50
In October 2007, it was announced that Sony BMG successfully sued Jammie Thomas. Capitol v Thomas (previously named Virgin v Thomas) was the first File-sharing Copyright infringement lawsuit brought by the Recording The single mother, who made US$36,000 a year, was ordered to pay US$222,220 in damages for making 24 songs available for download on the Kazaa file-sharing network. Kazaa Media Desktop (once capitalized as " KaZaA " but now usually written " Kazaa " is a Peer-to-peer File sharing application Thomas is currently appealing the decision.